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Grapevine: Hyundai Motor India plans IPO; Temasek weighs healthcare bet

General

05 February, 2024

Grapevine: Hyundai Motor India plans IPO; Temasek weighs healthcare bet

South Korean automaker Hyundai Motor is mulling an initial public offering of its Indian unit, Hyundai Motor India, to tap ......

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ARCs backed by Apollo, Avenue Capital, Kotak snap up road debt

Finance

15 September, 2021

ARCs backed by Apollo, Avenue Capital, Kotak snap up road debt

Three asset reconstruction firms -- Phoenix ARC, Arcion, and Asset Reconstruction Company India Ltd (Arcil) -- have bought more debt ......

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Lenders take steep haircut on another steel asset under liquidation process

Manufacturing

26 July, 2021

Lenders take steep haircut on another steel asset under liquidation process

Lenders have taken a massive haircut on the sale of a Kolkata-based stressed iron and steel firm whose majority debt ......

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Lenders take nearly 61% haircut in stressed MSP Sponge Iron OTS scheme

Manufacturing

19 April, 2021

Lenders take nearly 61% haircut in stressed MSP Sponge Iron OTS scheme

The promoters of Kolkata based MSP Sponge Iron Ltd have completed a one-time settlement (OTS) scheme with its consortium of ......

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Kotak group ARC to walk away from bankrupt textile firm

Consumer

01 April, 2021

Kotak group ARC to walk away from bankrupt textile firm

Kotak Mahindra Group’s asset reconstruction arm is set to exit a Mumbai-based bankrupt textile firm, a person told VCCircle. Phoenix ARC's ......

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Bankrupt textile firm on RBI defaulters list to be acquired at 84% discount

Manufacturing

24 February, 2021

Bankrupt textile firm on RBI defaulters list to be acquired at 84% discount

A fraud-hit, bankrupt readymade garments maker is being acquired by a consortium of buyers from India and the Middle East, ......

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Private equity consortium takes scissors to agritech firm's debt

TMT

16 February, 2021

Private equity consortium takes scissors to agritech firm's debt

An asset reconstruction company (ARC), backed by Kotak Mahindra Group, has managed to sell a stressed agri biotech firm to a ......

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Level the playing field for ARCs if bad bank pops up: Panellists at VCCircle event

Finance

06 August, 2020

Level the playing field for ARCs if bad bank pops up: Panellists at VCCircle event

As lenders urge the government for a bad bank anticipating a further surge in soured debt due to coronavirus, asset ......

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Centrum-backed steel firm ropes in foreign investor to buy out debt purchasers

Finance

22 April, 2020

Centrum-backed steel firm ropes in foreign investor to buy out debt purchasers

A steel firm backed by Centrum Group’s microlender Altura and Anand Rathi Group’s NBFC arm has roped in a foreign ......